PNE AG - Capital/Financing Update 2016

News Details

Corporate | 6 April 2016 12:39

PNE WIND AG: Creditreform confirmed BB- rating and removed it from watch list

DGAP-News: PNE WIND AG / Key word(s): Rating

2016-04-06 / 12:39

The issuer is solely responsible for the content of this announcement.

Press Release

PNE WIND AG: Creditreform confirmed BB- rating

and removed it from watch list

Cuxhaven, 06.04.2016: Creditreform has confirmed the BB- credit rating of PNE WIND AG in a follow up rating and has removed it from the watch list.

Relevant for Creditreform’s rating assessment is the consistent operational development and the development of financing structures which continue to be influenced by the build out of the wind farm portfolio. In this regard, there are higher financial requirements within the context of this strategy until the exit. The planned completion of the bundled wind farm portfolio sales transaction is expected to result in clearly positive sales, earnings and liquidity contributions till year’s end. According to Creditreform, PNE WIND AG’s liquidity planning has a suitable capacity till the end of the year or the sale of the wind farm portfolio even when considered together with the letter of comfort provided for certain financial credit lines of WKN AG. According to the credit agency, the company’s activities in the onshore and offshore wind project business are unchanged and continue to be characterized by various risks which may correspondingly have an effect on the assets, financial position and results as well as the business and liquidity position. The rating is currently limited by the above aspects.

About the PNE WIND Group

The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its roughly 380 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed wind farms have been handed over to their operators, the PNE WIND Group also offers technical and commercial management services, including regular maintenance, for the wind farms. The offshore wind farms at sea are developed up to the point where they are ready to be constructed. Alongside its business activities in the established domestic market in Germany, the PNE WIND Group is present at the international level in order to benefit from the growing global wind energy market and it is expanding into dynamic growth markets.


PNE WIND AG Rainer Heinsohn Head of Corporate Communications Tel: +49(0) 47 21 – 7 18 – 453 Fax: +49(0) 47 21 – 7 18 – 373 [email protected]	PNE WIND AG Scott McCollister Head of Investor Relations Tel: +49(0) 47 21 – 7 18 – 454 Fax: +49(0) 47 21 – 7 18 – 373 [email protected]

Contacts

Contact:

PNE WIND AG

Rainer Heinsohn

Head of Corporate Communication

Tel: +49(0) 47 21 – 7 18 – 453

Fax: +49(0) 47 21 – 7 18 – 373

E-mail: [email protected]

PNE WIND AG

Investor Relations

Scott McCollister

Tel: +49(0) 47 21 – 7 18 – 454

Fax: +49(0) 47 21 – 7 18 – 373

E-mail: [email protected]

2016-04-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	PNE WIND AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 – 06
Fax:	04721 / 718 – 200
E-mail:	[email protected]
Internet:	http://www.pnewind.com
ISIN:	DE000A0JBPG2, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0
WKN:	A0JBPG, A0B9VG, , A1R074, , A12UMG
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart